Lauren Smith, WalletHub Staff Writer
If you have no credit, you do not have a credit score. No credit means you do not have any credit history, indicating you do not have a credit report, and credit scores are calculated using the contents of your credit report.
However, it’s possible you have a credit score without realizing it. You may have some credit history if you were listed as an authorized user on a friend’s or family member’s credit card account, if you have a retail store card, or if you’ve simply applied for credit, for example.
You can check your credit report and see if you have a credit score for free here at WalletHub. Whether you have no credit at all or very little credit history, there are a few simple ways to build credit and establish a credit score.
How to Establish Credit & Get Your First Credit Score
- Apply for a secured credit card - Because secured cards require a deposit, they generally have high approval odds.
- Apply for a credit builder loan - The funds from a credit builder loan are released to you after you make all the required payments.
- Apply for a credit card for people with no credit - Some unsecured credit cards, which do not require a deposit, are available to consumers without credit.
Learn more about how to build your credit for free here at WalletHub.
People also ask
Did we answer your question?